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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $185.1M, roughly 1.8× Doximity, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 33.3%, a 5.3% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 8.7%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 6.5%).

Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

DOCS vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.8× larger
FRT
$336.0M
$185.1M
DOCS
Growing faster (revenue YoY)
DOCS
DOCS
+1.1% gap
DOCS
9.8%
8.7%
FRT
Higher net margin
FRT
FRT
5.3% more per $
FRT
38.6%
33.3%
DOCS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
6.5%
FRT

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCS
DOCS
FRT
FRT
Revenue
$185.1M
$336.0M
Net Profit
$61.6M
$129.7M
Gross Margin
89.9%
Operating Margin
38.9%
53.8%
Net Margin
33.3%
38.6%
Revenue YoY
9.8%
8.7%
Net Profit YoY
-18.1%
103.5%
EPS (diluted)
$0.31
$1.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOCS
DOCS
FRT
FRT
Q1 26
$336.0M
Q4 25
$185.1M
$336.0M
Q3 25
$168.5M
$322.3M
Q2 25
$145.9M
$311.5M
Q1 25
$138.3M
$309.2M
Q4 24
$168.6M
$311.4M
Q3 24
$136.8M
$303.6M
Q2 24
$126.7M
$296.1M
Net Profit
DOCS
DOCS
FRT
FRT
Q1 26
$129.7M
Q4 25
$61.6M
$129.7M
Q3 25
$62.1M
$61.6M
Q2 25
$53.3M
$155.9M
Q1 25
$62.5M
$63.8M
Q4 24
$75.2M
$65.5M
Q3 24
$44.2M
$61.0M
Q2 24
$41.4M
$112.0M
Gross Margin
DOCS
DOCS
FRT
FRT
Q1 26
Q4 25
89.9%
Q3 25
90.3%
Q2 25
89.2%
Q1 25
89.5%
Q4 24
91.6%
Q3 24
90.0%
Q2 24
89.3%
Operating Margin
DOCS
DOCS
FRT
FRT
Q1 26
53.8%
Q4 25
38.9%
53.8%
Q3 25
37.8%
34.3%
Q2 25
37.4%
65.1%
Q1 25
35.2%
35.0%
Q4 24
47.4%
35.1%
Q3 24
38.8%
34.9%
Q2 24
36.4%
53.0%
Net Margin
DOCS
DOCS
FRT
FRT
Q1 26
38.6%
Q4 25
33.3%
38.6%
Q3 25
36.8%
19.1%
Q2 25
36.5%
50.0%
Q1 25
45.2%
20.6%
Q4 24
44.6%
21.0%
Q3 24
32.3%
20.1%
Q2 24
32.7%
37.8%
EPS (diluted)
DOCS
DOCS
FRT
FRT
Q1 26
$1.49
Q4 25
$0.31
$1.49
Q3 25
$0.31
$0.69
Q2 25
$0.27
$1.78
Q1 25
$0.31
$0.72
Q4 24
$0.37
$0.74
Q3 24
$0.22
$0.70
Q2 24
$0.21
$1.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOCS
DOCS
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$64.8M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$979.3M
$3.2B
Total Assets
$1.2B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
FRT
FRT
Q1 26
$107.4M
Q4 25
$64.8M
$107.4M
Q3 25
$169.2M
$111.3M
Q2 25
$137.3M
$177.0M
Q1 25
$209.6M
$109.2M
Q4 24
$165.3M
$123.4M
Q3 24
$184.2M
$97.0M
Q2 24
$111.4M
$103.2M
Total Debt
DOCS
DOCS
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
DOCS
DOCS
FRT
FRT
Q1 26
$3.2B
Q4 25
$979.3M
$3.2B
Q3 25
$1.1B
$3.2B
Q2 25
$1.0B
$3.2B
Q1 25
$1.1B
$3.2B
Q4 24
$1.0B
$3.2B
Q3 24
$961.2M
$3.1B
Q2 24
$913.6M
$3.0B
Total Assets
DOCS
DOCS
FRT
FRT
Q1 26
$9.1B
Q4 25
$1.2B
$9.1B
Q3 25
$1.3B
$8.9B
Q2 25
$1.2B
$8.6B
Q1 25
$1.3B
$8.6B
Q4 24
$1.2B
$8.5B
Q3 24
$1.1B
$8.5B
Q2 24
$1.1B
$8.4B
Debt / Equity
DOCS
DOCS
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOCS
DOCS
FRT
FRT
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
FRT
FRT
Q1 26
Q4 25
$60.9M
$622.4M
Q3 25
$93.9M
$147.8M
Q2 25
$62.1M
$150.7M
Q1 25
$98.5M
$179.0M
Q4 24
$65.2M
$574.6M
Q3 24
$68.3M
$144.1M
Q2 24
$41.2M
$169.7M
Capex Intensity
DOCS
DOCS
FRT
FRT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
DOCS
DOCS
FRT
FRT
Q1 26
Q4 25
0.99×
4.80×
Q3 25
1.51×
2.40×
Q2 25
1.16×
0.97×
Q1 25
1.58×
2.81×
Q4 24
0.87×
8.77×
Q3 24
1.55×
2.36×
Q2 24
1.00×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOCS
DOCS

Subscription$175.4M95%
Service Other$9.7M5%

FRT
FRT

Segment breakdown not available.

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